The operation of underwater vehicles in deep-sea depends on onboard battery completely, while the development of deep-sea battery is seriously hindered by extreme environment of deep-sea, mainly including hydraulic pressure, low temperature and seawater conductivity. Therefore, it derives specialized design of deep-sea battery, involving power generation, protection, distribution and management. The development of deep-sea battery has experienced several generations, and it turns to Li battery in recent decades by the exclusive virtues exampled as larger energy density as well as less operational risk. The rapidly growing deep-sea Li battery has boosted underwater vehicles development successfully, while there are still many issues unresolved for improving deep-sea Li battery. This review firstly presents the whole picture of deep-sea battery manufacturing systematically, especially about deep-sea Li battery as current mainstream of underwater power. Then it expands the discussion on developing deep-sea Li battery, including materials selection based on electro-chemo-mechanics model, modification and test on components, battery management system specialized on software and hardware. Finally, it discusses the crucial issues for increasing the utilization of deep-sea battery, and proposes promising development directions. Based on systematic reflection on deep-sea battery and discussion on deep-sea Li battery, this review is expected to provide research fundamental of developing underwater power for extreme environmental exploration.